Monday, February 07, 2011

Will US States declare bankruptcy?

Will even more US lawyers suck up the blood of others, when it was probably lawyers who caused most of the financial problems in the first place?

Text with below video:
RTAmerica | February 03, 2011 | likes, 28 dislikes

Overdrawn American cities could face financial collapse in 2011, defaulting on billions of dollars borrowed and derailing the US economic recovery. Municipal bonds were once a very secure form of investment and are now defaulting, a trend that is on the rise. UMass economics professor Richard Wolff says this is going to translate into a diminished quality of life, we need more governmental services not fewer and it is going to affect everyone.

US cities face financial collapse

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